Uber's Q1: Revenue Up, But So Were Net Losses

Uber outperformed revenue expectations in Q1 2024 with the help of gross bookings jumping 20% year over year.Global ride-hailing leader Uber Technologies (UBER 2.50%) announced its Q1 2024 earnings on Wednesday, May 8, delivering results that came in just above analysts' estimates on revenue. Revenue of $10.13 billion for the quarter topped 2023's total by 15%. Adjusted EBITDA saw an 82% rise, reaching $1.4 billion, reflecting Uber's growing operational efficiency and profitability. Despite the gains, a net ...